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Net Profit of a firm is ₹ 1,05,000 before charing commission. Manager of the firm is to be paid commission of 5% on the Net Profit after charing his commission

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Anurag Pathak30.58K 3 minutes ago 0 Comments

Net Profit of a firm is ₹ 1,05,000 before charing commission. Manager of the firm is to be paid commission of 5% on the Net Profit after charing his commission. Calculate the commission payable to the Manager. Pass an adjusting entry. Also, show its treament in Final Accounts ending on 31st March, 2025.

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Anurag Pathak

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Net Profit of a firm is ₹ 1,05,000 before charing commission. Manager of the firm is to be paid commission of 5% on the Net Profit after charing his commission

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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